Anna Smee has been appointed to lead the Youth Futures Foundation, a £90m endowment set up by the government to distribute dormant asset funding to youth programmes.
Smee will remain in her current role as the chief executive of UK Youth until the end of the year to see through a transition to the charity’s new leader before becoming the first chief executive of YFF.
She has led UK Youth since 2014 and was previously director of ventures at The Young Foundation.
In a statement, Smee said: "I am incredibly proud to be part of the UK Youth family and the five years I’ve spent with the charity have been some of the best of my life.
"It has been an honour to work with so many inspiring young people and dedicated youth workers and volunteers. I will be very sad to leave but know that I'm leaving UK Youth in the capable hands of a dynamic board and exceptional leadership team."
UK Youth, which offers support, advice and training to people between the ages of nine and 25, had an income of £6.7m in the year to 31 March 2018 and spent £6.5m.
Smee said the young people’s sector needed UK Youth to remain a strong and passionate advocate for youth work and young people.
"I have no doubt the organisation will attract an exceptional chief executive to take up the reins and build on the strong foundations already in place," she said.
Lady Anne Stoneham, the chair of UK Youth, described Smee as inspirational, passionate, enthusiastic and incredibly well respected.
"We will be very sad to see her go but are delighted at the successes she has achieved for the charity and wish her all the best in her new appointment," she said.
"YFF is lucky to have Anna going forward. We are excited about this next chapter in the charity’s 108-year history, which will see a new, yet to be appointed, dynamic leader taking the reins to continue to support young people across the UK."
Smee’s replacement will receive a salary of between £85,000 and £95,000, a spokeswoman for the charity said, and the recruitment process opens today.
Interested candidates can contact Borge Andreassen at Prospectus on 020 7691 1920, or email firstname.lastname@example.org.